TD Tumbles in Canadian Bond Rankings After Key Bankers Leave

In just a few months, Toronto-Dominion Bank’s ranking among Canadian bond underwriters has dropped to close to the bottom among its peers, after an exodus of fixed-income professionals.

TD Securities has led less than 14% of Canadian corporate bond sales since the beginning of the fiscal year in November, according to data compiled by Bloomberg. That puts the firm at fifth of Canada’s six systematically important banks, compared with second place for the same period a year earlier.